November 17, 2024
The market has begun to diverge, or the sector rotation has begun. The big cakes that rose more in the early stage, the election concepts led by dogs, etc., have temporarily stopped their upward momentum, including the local dog market. So far, the old coins that have been in several rounds of bull and bear markets have begun to rise, such as XRP, XLM, LTC, ETC, etc. These are all familiar to old investors. Basically, they will rise in every round of bull market, and most of them belong to the earliest Meme concepts.
As for the reasons why these old coins can rise, "there is no other reason but the market maker". As long as the coins have audiences and traffic, the main force is still there, and every bull market will cause trouble. These also further prove the judgment that the big bull market has begun. In addition, I don’t know if you have noticed that in the recent market, the related ecology of Ethereum is also quietly making up for the rise. Today, ARB and CRV are leading the way. Although the increase is not enough to be mentioned so far, it is a positive signal for the market. After the new high of the big cake, various funds have returned one after another. Therefore, we should not worry if the coins we have configured have not been rotated for the time being. As long as this round of bull market continues, it will rise to some extent, and I am still full of confidence in DeFi, which I am optimistic about.
There are still quite a lot of coins that have risen today. It is worth mentioning that SOL has risen by dozens of points again, reaching around 240 US dollars, which is less than a daily limit away from the historical high. This round of ecological explosion will eventually push SOL to a new high. Whether there is SOL or not, whether Meme has value or not, for the big bull market, there is a place to make money, so there is no need to worry about no new money entering the market. In general, various signals prove that the bull market has come. Of course, each round of bull market will not rise unilaterally overnight, just like DOGE has retreated 20 points from its high point in the past two days. Therefore, the trading strategy in the bull market is more critical, because once the trapped funds are occupied, the potential opportunity will be missed.
In the short-term market, it still needs a wave of retracement. The DEXX incident will not directly have a negative impact on the market, but it is a heavy blow to local dog players. The speed of hot money inflow is affected, which is a black swan event that affects the continued rise of the market. Of course, considering that there are new sectors taking over today, the best state of the big cake is to fall sideways and fluctuate in a small range of around 90,000. Therefore, if you reduce your position yesterday and worry about selling it, you can take it back today, and there will be a few points of swing profit.
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